Silvio Berlusconi Net Worth

Net Worth:	$8.5 Billion
Date of Birth:	September 29, 1936 (88 years old)
Gender:	Male
Height:	5 ft 4 in (1.65 m)
Profession:	Entrepreneur, Media proprietor, Politician, Businessperson,Film Producer
Nationality:	Italy

Silvio Berlusconi Net Worth

Silvio Berlusconi is an Italian media tycoon, entrepreneur, and former Prime Minister of Italy who has a net worth of $8.5 billion.

He is Italy’s longest-serving post-war prime minister and is well-known for being a frequent criminal defendant and convicted tax evader.

In addition, he owns the Italian football team A.C. Milan and is Italy’s “oldest playboy,” still capturing headlines at the age of 76.

Childhood

Silvio Berlusconi was born on September 29, 1936, in Milan, Italy. Luigi Berlusconi and Rosa Bossi reared him. Silvio, the first of three children from a lower-middle-class family, studied law in Milan and worked as a singer on cruise ships and in nightclubs.

Business Career

Silvio led the construction of modest-scale projects in the city of Milan after successfully getting a small loan from a local bank and subsequently constructing “Milano Two,” 4,000 residential flats east of Milan.

Berlusconi first entered the media industry in 1973, when he founded Telemilano, a tiny cable television firm.

Soon after, he began to amass fortunes through Fininvest, which owns stakes in Mediaset, Italy’s largest media company; Mediolanum, a financial services company founded by Italian billionaire Ennio Doris); Mondadori, one of Italy’s largest publishing houses; Medusa, a film producer; and A.C. Milan, a nearly bankrupt football club when Berlusconi purchased it in 1986.

Political Career

Silvio first came onto the political stage in 1993, when he ran for Prime Minister with his newly created political party Forza Italy (Go Italy).

He has been Italy’s Prime Minister four times since then, from 1994 to 1995, 2001 to 2006, and 2008 to 2011.

Silvio has been Prime Minister for nine years, making him the third longest-serving Italian Prime Minister since the country’s unification, following Benito Mussolini and Giovanni Giolitti.

From 1994 until 2009, he was the leader of the center-right Forza Italia party, and from 2009 to 2013, he led its successor party, The People of Freedom.

Silvio was the senior G8 leader from 2009 to 2011 and holds the record for hosting G8 Summits, having held three Summits in Italy.

After 19 years as a member of Italy’s lower house, the Chamber of Deputies, he was elected to the Senate after the 2013 general election.

Silvio was the first person to become Prime Minister without having previously held any government or administrative positions.

He was convicted of tax evasion in August 2013 by the Court of Cassation, Italy’s highest court. He received a four-year prison sentence, three of which were automatically commuted. He was barred from running for public office for two years.

At the age of 76, Silvio was excused from direct incarceration under Italian sentencing laws, which do not generally impose imprisonment for anyone above the age of 70 and instead served his sentence by undertaking unpaid social community service.

Because Silvio had been sentenced to more than two years in prison, the Senate expelled him and barred him from holding any public or legislative position for six years under Italian anti-corruption law.

Throughout his term and ban from holding public office, he promised to remain the leader of Forza Italia.

After his ban expired, he stood for and was elected to the European Parliament in 2019. Silvio is recognized for his populist political style and outspoken manner, and he is frequently accused of being an authoritarian leader.

Silvio has been and continues to be a contentious and occasionally polarizing character in the eyes of the public and political observers.

His admirers refer to his charismatic strength and leadership abilities, as well as his tax-cutting budgetary strategy.

He has worked hard to maintain strong and close ties with the United States and Russia. Berlusconi has a reputation for making public gaffes or offensive remarks.

A lot of political observers and writers believe his victory set the stage for real estate billionaire Donald Trump’s 2016 win.

Personal Life

Carla Elvira Dall’Oglio was his wife in 1965. Their offspring were Maria Elvira and Peter Silbio. Silvio had three children with his affair partner, actress Veronica Lario.

He divorced Dall’Oglio in 1985 and married Lario in 1990. Because he was a well-known entrepreneur at the time, their wedding was a major social affair.

Lario revealed in May 2009 that she was divorcing Silvio Berlusconi. He was ordered to pay Lario $48 million a year as part of a divorce settlement in 2012. Berlusconi has 11 grandchildren.

In June 2016, immediately after the local election campaign, Silvio was admitted to the hospital for heart difficulties and a stroke. He underwent heart surgery to repair an aortic valve that had failed.

Silvio was positive for COVID-19 in September 2020. He was brought to the hospital due to significant symptoms.

He regarded COVID-19 as the “most dangerous and terrible experience” of his life after he was discharged. He was admitted to the hospital again in May 2021 because of persistent COVID-19 long-term symptoms.

Controversies

During his political career,  Silvio has been embroiled in various issues and has been the subject of over 20 legal lawsuits.

Karima El Mahroug, a 17-year-old Moroccan belly dancer, said in November 2010 that he had given her $10,000 at parties at his private residences. She informed prosecutors in Milan that these were orgies she had.

Silvio and 20 young women stripped naked and performed the “bunga bunga,” an African-style ceremony.

The inquiry into Berlusconi for child prostitution in this case has been dubbed “Ruby Gate.” He was detained in 2011 on suspicion of having sex with a minor prostitute.

He was found guilty and sentenced to seven years in prison as well as a lifetime ban from holding public office; however, he filed an appeal, and his conviction was reversed.

Silvio was criticized for reportedly spending $1.8 million in RAI Cinema state funding to enhance the career of Michelle Bonev, a relatively unknown Bulgarian actress.

The fact that this occurred at the same time as severe cuts to the country’s arts budget provoked a widespread outcry.

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